Thursday, 7 May 2015
Last updated 10 hours ago
Jun 22 2012 | 11:56am ET
Brevan Howard Asset Management is asking clients to dig deep for its latest hedge fund.
The new Brevan Howard Credit Value Master Fund has a hefty minimum investment requirement—$20 million—and a potentially onerous lockup—as long as two years, depending on the share class. But for those willing to pony up, Brevan is promising a raft of "excellent opportunities" this year that will make their commitment worthwhile.
The fund will invest mortgage-backed securities, real-estate linked collateralized debt obligations and other illiquid securities, seeking out those trading below their "intrinsic value," Bloomberg News reports. Brevan's thesis is that such assets lost so much value last year that, combined with assets sales by European banks and other motivated sellers, it will leave the fund with an embarrassment of rich opportunities.
Brevan launched the fund in March. It is managed by David Warren, head of its Credit Catalysts fund.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…